Aarons Academy of Beauty Baby Boomers & Management Relations Discussion

I’m working on a management multi-part question and need an explanation and answer to help me learn.

1. Baby Boomers and other older, more experienced employees are planning to retire in droves. 

However, when they leave, amazing multi-decade experience and connections will leave the company.

For this reason, many companies are working on plans on how to retain these valuable employees when they choose to retire.

What kind of strategy would you recommend for your company to take in order to not lose this potential talent and know-how? Why?

2.What are the major differences labor-management relations in Europe and those in the United States?

Do you believe that codetermination will ever become popular in the United States? Explain you position.